Having a home, condo, or townhouse in North County during these winter months gives you unmatched access to the beautiful snow and Purgatory Resort for cutting fresh tracks. Additionally, Durango Nordic Center and surrounding trails is great for cross-country skiing and snowshoeing with Purgatory Lake open in the summer months for paddle boarding and more…
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A real estate transaction in Colorado may differ in terms and process from another state in which you may have bought or sold a house in. Here is an overview of a closing agent, also called a settlement agent, and their role in Colorado real estate closings. A closing agent works for a title company.…
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It is apparent that the state of the current real estate market is unprecedented. It has been shaped by supply shortages, major increases in building costs, and the Covid-19 pandemic, causing prices to rise and bidding wars which are leaving buying disappointed. But, does this mean that we are in a bubble just waiting to…
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The Colorado Association of Realtors provides us with an overview of the month in comparison to the previous years and April’s numbers are here! Overall, La Plata County was up 47% from April 2020 with 84 single family home sales. Townhouse/condo sales were also increased by 8 homes from 2020. More properties are entering the…
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Do you have an extra room in your house? Or maybe you are looking at investing in a rental property? Here is some insight to Colorado and La Plata County’s short-term rental (STR) regulations. A STR is defined as a privately owned unit or room being rented for less than 60 days at a daily…
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This week, we have the latest real estate numbers for La Plata County for the month of March. The below charts show a detailed breakdown of several market segments in La Plata County, showing La Plata County as a whole, Durango In Town, Durango Rural, Bayfield In Town, Bayfield Rural, Ignacio In Town, Ignacio Rural,…
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The tale of supply and demand continues and who will come out as the hero? New home construction to the rescue! During the winter month’s new construction took a break as cold weather made that decision mandatory in some areas of the country. Now as spring arrives and the weather is warming so is the…
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According to an article in Realtor Magazine, home shoppers this spring have 52% fewer homes to choose from than last year. For every 10 homes for sale last year, there are fewer than five today. We are finding this trend applicable to our market as well. At this time there are 33 in town Durango…
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We are excited to share The Wells Group’s 21st Annual Real Estate Forecast. This year’s format looked different than previous years with the forecast going virtual, making it accessible to watch from the comfort of your home. This yearly event compiles data and predictions for the La Plata County real estate market and is presented…
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This week we have the latest numbers for La Plata County residential real estate. While not a surprise based on the level of activity we’ve seen these past couple of months, the numbers are staying steady, with52 total single family sales for the month of February. January was at 59 solds and February 2020 was…
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- for Max Hutcheson
